Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Shares Acquired by Optimum Investment Advisors

Optimum Investment Advisors increased its holdings in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,200 shares of the closed-end fund’s stock after purchasing an additional 1,500 shares during the quarter. Optimum Investment Advisors’ holdings in Nuveen Municipal Value Fund were worth $440,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NUV. Raymond James Financial Inc. purchased a new position in Nuveen Municipal Value Fund during the fourth quarter worth about $19,874,000. Kovitz Investment Group Partners LLC acquired a new stake in Nuveen Municipal Value Fund in the 3rd quarter valued at approximately $10,409,000. Rivernorth Capital Management LLC raised its position in Nuveen Municipal Value Fund by 9.1% in the third quarter. Rivernorth Capital Management LLC now owns 7,420,686 shares of the closed-end fund’s stock valued at $66,935,000 after purchasing an additional 618,364 shares during the period. Essential Planning LLC. acquired a new position in Nuveen Municipal Value Fund during the fourth quarter worth $4,691,000. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of Nuveen Municipal Value Fund by 51.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,354,412 shares of the closed-end fund’s stock valued at $11,634,000 after buying an additional 457,422 shares in the last quarter. 22.50% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Price Performance

NUV opened at $8.79 on Friday. The stock’s 50-day moving average price is $8.77 and its 200 day moving average price is $8.85. Nuveen Municipal Value Fund, Inc. has a 12-month low of $8.35 and a 12-month high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.0325 per share. The ex-dividend date is Friday, March 14th. This represents a $0.39 annualized dividend and a dividend yield of 4.44%.

Nuveen Municipal Value Fund Company Profile

Nuveen Municipal Value Fund, Inc is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund also invests some portion of its portfolio in derivative instruments.